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Open the deposit jointly with any other NRI
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Avail overdraft upto 75%
of the deposit, or 20 lakhs, whichever is lower. |
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Repatriate your complete deposit (principal and interest) at any time
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The entire deposit (principal and interest) is exempt from tax.
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Nomination Facility available
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Cluster Deposit:
NRE Fixed Deposit is held in clusters of Re.1, thus allowing you to encash part of the deposit amount, making it possible for you to withdraw part of the deposit before the maturity date, while the balance continues to earn interest at the contract rate.
- Initial Fixed Deposit: Rs. 25,000/-
- Add-on Fixed Deposits: Rs. 10,000/-
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Tenure
- Minimum: 1 year
- Maximum: 5 years
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